Cardano (ADA) appears bullish and is poised for a 20% upside rally to reach $0.40, driven by its bullish price pattern.
53.2% of top traders held short positions, while 46.8% held long positions.appeared bullish and is poised for a notable upside rally in the coming days.
However, ADA’s bullish outlook was likely driven by recent price action and the upcoming presidential election in the United States.According to AMBCrypto’s technical analysis, ADA was at a crucial support level of $0.315 and was heading in an upward direction. Historically, whenever ADA reached this support level, it tends to encounter buying pressure, leading to an upside rally of at least 20%.
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